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Nonprofiteer
← CAREPARTNERS OF CONNECTICUT INC

Form 990 for tax year 2022

Filed by CAREPARTNERS OF CONNECTICUT INC.

Totals

Total revenue
$41,668,491
Total expenses
$55,528,279
Contributions and grants received
$0
Grants paid
$34,500
Program service revenue
$41,325,973
Investment income
$342,518
Other revenue
$0
Total assets, end of year
$23,631,824
Total liabilities, end of year
$14,953,254
Net assets or fund balances, end of year
$8,678,570
Program services expenses (Part IX)
$41,347,190
Management and general expenses
$14,181,089
Fundraising expenses
$0
Program service expenses (Part III)
$41,347,190

Program services were 74.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEDICARE PREMIUMS

    total $41,325,973 · related or exempt $41,325,973 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $342,518 · related or exempt $0 · unrelated business $0 · excluded $342,518

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,500 · program services $34,500

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $41,312,690 · program services $41,312,690

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $12,556,882 · program services $0 · management and general $12,556,882 · fundraising $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $105,013 · program services $0 · management and general $105,013 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $54,577 · program services $0 · management and general $54,577 · fundraising $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $26,025 · program services $0 · management and general $26,025 · fundraising $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PREMIUM BROKER FEES

    total $960,045 · program services $0 · management and general $960,045 · fundraising $0

  • 24b · Other expenses: COB FEES

    total $287,325 · program services $0 · management and general $287,325 · fundraising $0

  • 24c · Other expenses: OTHER TAXES & FEES

    total $147,217 · program services $0 · management and general $147,217 · fundraising $0

  • 24d · Other expenses: HONORARIA

    total $11,500 · program services $0 · management and general $11,500 · fundraising $0

  • 24e · All other expenses

    total $32,505 · program services $0 · management and general $32,505 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,350,444 · end of year $683,361

  • 2 · Savings and temporary cash investments

    beginning of year $12,575,865 · end of year $13,035,775

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $616,203 · end of year $982,940

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $5,527,284 · end of year $5,486,334

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,527,300 · end of year $3,443,414

  • 17 · Accounts payable and accrued expenses

    beginning of year $248,010 · end of year $1,573,946

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $13,692 · end of year $8,879

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $10,067,861 · end of year $13,370,429

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,267,533 · end of year $8,678,570

Mission and programs · 2022

Mission

AS DESCRIBED IN FURTHER DETAIL IN PART I, LINE I, CPCT IS A CONNECTICUT HEALTH CARE CENTER* (HMO) ESTABLISHED FOR THE PURPOSE OF ARRANGING FOR THE DELIVERY OF COMPREHENSIVE HEALTH CARE SERVICES, ON A PREPAID BASIS, TO SUBSCRIBING INDIVIDUALS AND GROUPS. CPCT'S AIM IS TO IMPROVE THE HEALTH AND WELLNESS OF THE COMMUNITIES IT SERVES BY ARRANGING FOR THE PROVISION OF COMPREHENSIVE HEALTH CARE SERVICES, INCLUDING PROVIDING COMMUNITY OUTREACH AND EDUCATION AND COORDINATING CARE TO ENSURE THAT THOSE WITH THE MOST CHALLENGING HEALTH NEEDS ARE BEST ABLE TO ACCESS THE CARE THEY NEED. CPCT AIMS TO IMPROVE THE LIVES OF OLDER CONNECTICUT RESIDENTS PRIMARILY THROUGH MANAGED CARE MEDICARE ADVANTAGE PROGRAMS WITH INTEGRATED, COORDINATED MEDICAL AND BEHAVIORAL HEALTH CARE FOR RESIDENTS OF THE STATE OF CONNECTICUT THAT ARE ELIGIBLE FOR MEDICARE (TYPICALLY THOSE THAT ARE AGE 65 OR OLDER). *IN CONNECTICUT, "HEALTH CARE CENTER" IS THE TERM USED TO DESCRIBE HEALTH MAINTENANCE ORGANIZATIONS.

Activities or mission (Part I)

CAREPARTNERS OF CONNECTICUT, INC. (CPCT) WAS CREATED AS A NOT-FOR-PROFIT CONNECTICUT CORPORATION LICENSED AS A HEALTH CARE CENTER (HMO) IN CONNECTICUT (SEE SCHEDULE O)

  • CPCT'S MEDICARE ADVANTAGE PLAN OFFERINGS ARE THE ORGANIZATION'S ONLY PROGRAM SERVICES PROVIDED IN 2022. CPCT FIRST ENROLLED SUBSCRIBERS FOR PLANS EFFECTIVE JANUARY 1, 2019. CPCT AND ITS AFFILIATES HAVE CONTRACTED WITH THOUSANDS OF PRIMARY CARE PHYSICIANS, SPECIALISTS, HOSPITALS AND COMMUNITY ORGANIZATIONS THROUGHOUT CONNECTICUT AND CURRENTLY OFFERS HEALTH COVERAGE IN HARTFORD, LITCHFIELD, NEW HAVEN, NEW LONDON, TOLLAND AND WINDHAM COUNTRIES. CPCT HAS DEVELOPED PROGRAMS TO INCREASE ACCESS TO CARE AND IMPROVE THE COORDINATION OF CARE FOR THOSE WHO NEED IT MOST. IN THE CASE OF MEDICARE ADVANTAGE MEMBERS, THOSE WITH CHRONIC CONDITIONS SUCH AS DIABETES, CHRONIC OBSTRUCTIVE PULMONARY DISORDER AND HEART FAILURE. CPCT PROVIDES HEALTH EDUCATION AND PROMOTION, COACHING, COMPLEX HEALTH ASSISTANCE, CONNECTION TO SOCIAL SERVICES AND PROGRAMS, COORDINATION OF ADDITIONAL SERVICES SUCH AS HOME CARE, AND CAREGIVER ASSISTANCE AND SUPPORT, FORMULATED TO TAKE ACCOUNT OF THE HEALTH RISKS AND CHALLENGES THAT PARTICULARLY AFFECTS SENIORS.

    Expenses $41,347,190 · Grants $34,500 · Revenue $41,325,973

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Derek Abruzzese

    SVP, CORP STRATEGY (END 4/15)

    Total calculated
    $1,629,865
    From this org
    $0
    From related orgs
    $1,573,814
    Other
    $56,051
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $102,584 related
    Bonus
    $0 + $322,799 related
    Other
    $0 + $1,148,431 related
    Deferred
    $0 + $48,131 related
    Nontaxable benefits
    $0 + $7,920 related
    Filer's total
    $0 + $1,629,865 related

  • Patricia Blake

    SVP, PRESIDENT MEDICARE

    Total calculated
    $1,147,520
    From this org
    $0
    From related orgs
    $991,394
    Other
    $156,126
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,604 related
    Bonus
    $0 + $475,315 related
    Other
    $0 + $91,475 related
    Deferred
    $0 + $136,148 related
    Nontaxable benefits
    $0 + $19,978 related
    Filer's total
    $0 + $1,147,520 related

  • Adam Scott

    SVP,PRES.DIVERS.BUS. (DR. 6/7)

    Total calculated
    $1,004,577
    From this org
    $0
    From related orgs
    $857,784
    Other
    $146,793
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $411,817 related
    Bonus
    $0 + $404,000 related
    Other
    $0 + $41,967 related
    Deferred
    $0 + $119,636 related
    Nontaxable benefits
    $0 + $27,157 related
    Filer's total
    $0 + $1,004,577 related

  • Roland Price

    TREASURER

    Total calculated
    $652,120
    From this org
    $0
    From related orgs
    $541,488
    Other
    $110,632
    Hours/week
    2.5 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,763 related
    Bonus
    $0 + $160,064 related
    Other
    $0 + $59,661 related
    Deferred
    $0 + $97,563 related
    Nontaxable benefits
    $0 + $13,069 related
    Filer's total
    $0 + $652,120 related

  • Marla Pantano

    PRESIDENT, CAREPARTNERS OF CT

    Total calculated
    $618,607
    From this org
    $0
    From related orgs
    $570,070
    Other
    $48,537
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $369,390 related
    Bonus
    $0 + $198,000 related
    Other
    $0 + $2,680 related
    Deferred
    $0 + $47,459 related
    Nontaxable benefits
    $0 + $1,078 related
    Filer's total
    $0 + $618,607 related

  • Marc Spooner

    FORMER COO

    Total calculated
    $499,935
    From this org
    $0
    From related orgs
    $499,935
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $499,935 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $499,935 related

  • Denise Doucette-Ginise

    DIRECTOR, CARE MGMT - SR. PROD

    Total calculated
    $329,250
    From this org
    $0
    From related orgs
    $291,857
    Other
    $37,393
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $201,688 related
    Bonus
    $0 + $88,968 related
    Other
    $0 + $1,201 related
    Deferred
    $0 + $36,378 related
    Nontaxable benefits
    $0 + $1,015 related
    Filer's total
    $0 + $329,250 related

  • Paul Bernstein

    DIRECTOR, PROG MGMT

    Total calculated
    $282,356
    From this org
    $0
    From related orgs
    $240,675
    Other
    $41,681
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $199,113 related
    Bonus
    $0 + $40,596 related
    Other
    $0 + $966 related
    Deferred
    $0 + $41,558 related
    Nontaxable benefits
    $0 + $123 related
    Filer's total
    $0 + $282,356 related

  • Lynne Olson

    SR. MANAGER, MARKETING

    Total calculated
    $185,535
    From this org
    $0
    From related orgs
    $158,478
    Other
    $27,057
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $144,370 related
    Bonus
    $0 + $13,837 related
    Other
    $0 + $271 related
    Deferred
    $0 + $20,410 related
    Nontaxable benefits
    $0 + $6,647 related
    Filer's total
    $0 + $185,535 related

  • Jesse Mejia

    DIRECTOR, SALES (START 5/16)

    Total calculated
    $170,465
    From this org
    $0
    From related orgs
    $145,457
    Other
    $25,008
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $95,497 related
    Bonus
    $0 + $49,960 related
    Other
    $0
    Deferred
    $0 + $24,398 related
    Nontaxable benefits
    $0 + $610 related
    Filer's total
    $0 + $170,465 related

  • Maureen Neilly

    SR. CARE MANAGER

    Total calculated
    $142,970
    From this org
    $0
    From related orgs
    $125,680
    Other
    $17,290
    Hours/week
    50

  • John Dillaway

    DIRECTOR

    Total calculated
    $28,500
    From this org
    $28,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gerald Boisvert

    DIRECTOR (END 2/28)

    Total calculated
    $0
    Hours/week
    1

  • Debra Hayes

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chibueze Okey Agba

    DIRECTOR (START 2/28)

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 3
METHOD USED TO ESTABLISH CEO COMPENSATION CAREPARTNERS OF CONNECTICUT, INC. RELIES ON A RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR ITS CEO. THE METHODS USED ARE AS FOLLOWS: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE -WRITTEN EMPLOYMENT AGREEMENT ----------
FORM 990, SCHEDULE J, PART I, LINE 4A
DETAIL OF SEVERANCE PAYMENTS THE FOLLOWING SENIOR LEADER, WHO DEPARTED THE COMPANY FOLLOWING THE CLOSE OF THE TRANSACTION, RECEIVED SEVERANCE OR CHANGE IN CONTROL PAYMENTS IN A MANAGEMENT ROLE IN THE COMPANY RELATING TO THE COMBINATION OF HARVARD PILGRIM HEALTH CARE AND TUFTS HEALTH PLAN. THESE PAYMENTS WERE DESIGNED TO RETAIN LEADERS WITH SIGNIFICANT EXPERTISE IN KEY AREAS AND TO ENSURE CONTINUITY OF OPERATIONS FOR BOTH ORGANIZATIONS THROUGH A LENGTHY AND UNCERTAIN REGULATORY REVIEW PROCESS THAT SPANNED OVER A FIFTEEN MONTH PERIOD, AS WELL AS A GLOBAL PANDEMIC: DEREK ABRUZZESE = $1,088,000 ----------
FORM 990, SCHEDULE J, PART I, LINE 4B
DISCRETIONARY RETIREMENT PLAN THE ORGANIZATION'S LEADERS PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN SPONSORED BY THEIR EMPLOYER, POINT32HEALTH SERVICES, INC., A RELATED PARTY. THE EMPLOYEES AND AMOUNTS LISTED ON SCHEDULE J, PART II, COLUMN C REFLECT EMPLOYER CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. ----------

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CAREPARTNERS OF CT HOLDINGS LLC

    N/A · HOLDING COMPANY · CT

    Directly controlled by TAHMO

  • EMPLOYERS HEALTH NEXUS LLC

    N/A · SELF INSURANCE · DE

    Directly controlled by POINT32HEALTH

  • EMPLOYERS HEALTH NETWORK LLC

    N/A · DEVELPMNT CONSULT · DE

    Directly controlled by POINT32HEALTH

  • CLARION MANAGEMENT SOLUTIONS LLC

    N/A · PARENT COMPANY · MA

    Directly controlled by POINT32HEALTH

  • KP VENTURES LLC SERIES B

    N/A · HEALTHCARE · CA

    Directly controlled by TAHMO

  • KP VENTURES LLC SERIES D

    N/A · HEALTHCARE · CA

    Directly controlled by TAHMO

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HPHC INSURANCE COMPANY INC

    C CORP · HEALTH INSURANCE · MA · controlled entity

    Directly controlled by NEW HPHC HOLDCO

  • PLAN MARKETING INSURANCE AGENCY INC

    C CORP · BROKERAGE · MA · controlled entity

    Directly controlled by HEALTH PLANS

  • HPHC INSURANCE AGENCY INC

    C CORP · BROKERAGE · MA · controlled entity

    Directly controlled by NEW HPHC HOLDCO

  • HEALTH PLANS INC

    C CORP · TPA · MA · controlled entity

    Directly controlled by NEW HPHC HOLDCO

  • CARE MANAGEMENT SERVICES INC

    C CORP · CARE MANAGEMENT · MA · controlled entity

    Directly controlled by HEALTH PLANS

  • NEW HPHC HOLDING CORPORATION

    C corp · HOLDING COMPANY · DE · 100% owned · controlled entity

    Directly controlled by HPHC INC

  • POINT32HEALTH SERVICES INC

    C CORP · MANAGEMENT SVCS · DE · controlled entity

    Directly controlled by TAHMO

  • TUFTS INSURANCE COMPANY

    C CORP · INSURANCE · MA · controlled entity

    Directly controlled by P32H SRVCS

  • TUFTS BENEFIT ADMINISTRATORS INC

    C CORP · TPA · MA · controlled entity

    Directly controlled by P32H SRVCS

  • TOTAL HEALTH PLAN INC

    C CORP · TPA · MA · controlled entity

    Directly controlled by P32H SRVCS

  • TAHP BROKERAGE CORPORATION

    C CORP · BROKERAGE · MA · controlled entity

    Directly controlled by P32H SRVCS

  • INTEGRA PARTNERS HOLDINGS INC

    C CORP · MED EQUIPT & SVCS · NY · controlled entity

    Directly controlled by TAHMO

Provenance

Return type
form_990
Tax year
2022
Filed
12 November 2023
IRS schema version
2022v5.0
Source object
202313199349304286

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